Jubilee Sacco Launches Electronic Banking

Jubilee SACCO, the
West Ankole Diocesan financial institution, has adopted and launched
electronic/mobile banking service, an innovative channel for service delivery.

The launch presided
over by Rev Didas Natweta, the Diocesan Secretary, West Ankole Diocese, took
place on Wednesday, 28th August 2019 at the SACCO head office in Bushenyi town.

Jubilee Sacco will be
getting electronic banking services through MSACCO, a key system engineered by
Future Link Technologies in partnership with Uganda Central Cooperative
Financial Services Limited(UCCFS). The new service will enable Jubilee SACCO
provide mobile financial services to its members and customers respectively.

Speaking at the
launch, Rev Natweta said the development is a sign that Jubilee SACCO is
growing and progressing on well as it metamorphoses into a bank.

Present were Jubilee
SACCO leadership and selected delegates from different parts of the Diocese.

With Mobile banking
service, Jubilee SACCO is set to experience direct bearing on its
organizational performance improvement.

Members will be able
to deposit and withdraw money from their respective accounts and make payments
to various SACCO products through MTN Mobile Money or Airtel Money services,
which have at the same time been simplified for use though they are still being
upgraded by service providers.

The Benefits

To Jubilee SACCO
Members

Convenience

Jubilee SACCO members
will be able to transact from anywhere and at any time.

Save Money and Time

Customers, especially from the far areas will
not have to spend time and money traveling to the main and regional branches
any more. They will only need their phones.

Accountability

Jubilee SACCO members
will now monitor the activities on their accounts while they are seated in
their houses or gardens. This will allow them keep track of their money on the
phones.

They will also achieve
a better credit rating by transacting more often.

There won’t be any
need for setting up multiple banking halls at Archdeaconry centers any more.
Jubilee SACCO members will no longer need to come to Bushenyi because the
service will be accessed on their phone.

Jubilee SACCO will
also be able to generate repetitive income from mobile banking transactions and
this will help it to grow.